2024 CVE to MAD Historical Review

YEARLY HIGH

0.0995 MAD

YEARLY LOW

0.0947 MAD

YEARLY AVERAGE

0.0974 MAD

2024 CVE to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CVE to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 0.0995. Conversely, the yearly low was recorded on December 19, dropping to 0.0947.

This high-to-low spread represents a total annual volatility of 0.0048 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0984 to the December average rate of 0.0952, the exchange rate registered a net change of -3.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0995 was down 2.26% compared to the 2023 peak of 0.1018, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 CVE based on timing:

Yearly Peak High 498 MAD

2023 Average 496 MAD

Yearly Trough Low 473 MAD

Transaction Impact: A difference of 24.17 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0994

0.0948

JanuMarcMayJulySeptNove

CVE to MAD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.0981, compared to 0.0967 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.0981

H2 Avg (Jul–Dec) 0.0967

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0026 MAD (High: 0.0975 / Low: 0.0950). On the other end, September was the most stable month, with a tight range of 0.0009 MAD (High: 0.0984 / Low: 0.0975).

November Spread (Volatile) ±0.0026

September Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between July and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0013 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.0990) against the same month in 2023 (average: 0.1002), the exchange rate shifted by -0.0012 (-1.20%).

2024 Avg (March) 0.0990

2023 Avg (March) 0.1002

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0994	0.0971	0.0984
February	0.0994	0.0978	0.0983
March	0.0995	0.0984	0.0990
April	0.0991	0.0973	0.0983
May	0.0981	0.0971	0.0978
June	0.0981	0.0962	0.0971
July	0.0974	0.0961	0.0969
August	0.0977	0.0955	0.0972
September	0.0984	0.0975	0.0979
October	0.0981	0.0963	0.0972
November	0.0975	0.0950	0.0959
December	0.0957	0.0947	0.0952